Gun Ownership Soars to 18 Year High

Americans may be fleeing from stocks in droves, but they sure aren’t shy about rotating the resulting meager liquidation proceeds into weaponry. According to Gallup, “Forty-seven percent of American adults currently report that they have a gun in their home or elsewhere on their property. This is up from 41% a year ago and is the highest Gallup has recorded since 1993, albeit marginally above the 44% and 45% highs seen during that period.” Considering the social situation “out there”, and the fact that the world is one badly phrased or translated headline away from a complete HFT-facilitated market collapse, this is hardly all that suprising.